FFBW Inc - Ordinary Shares Stock Forecast
FFBW Inc - Ordinary Shares stock downgraded from Buy Candidate to Sell Candidate after Monday trading session.
(Updated on Apr 29, 2024)
No changes to the price of FFBW Inc - Ordinary Shares stock on the last trading day (Monday, 29th Apr 2024). During the last trading day the stock fluctuated 0% from a day low at $12.76 to a day high of $12.76. The price has been going up and down for this period, and there has been a -1.09% loss for the last 2 weeks.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect FFBW Inc - Ordinary Shares stock with a 90% probability to be traded between $12.15 and $12.94 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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FFBW Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The FFBW Inc - Ordinary Shares stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $12.80 and $12.76. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 22, 2024, and so far it has fallen -1.69%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for FFBW Inc - Ordinary Shares stock
FFBW Inc - Ordinary Shares finds support from accumulated volume at $12.70 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.149%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FFBW) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect FFBW Inc - Ordinary Shares to open at $12.76, and during the day (based on 14 day Average True Range), to move between $12.66 and $12.86, which gives a possible trading interval of +/-$0.100 (+/-0.78%) up or down from last closing price. If FFBW Inc - Ordinary Shares takes out the full calculated possible swing range there will be an estimated 1.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $12.80 (0.31%) than the support at $12.70 (0.47%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is FFBW Inc - Ordinary Shares stock A Buy?
FFBW Inc - Ordinary Shares holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -3.764 Sell Candidate Downgraded
Predicted Opening Price for FFBW Inc - Ordinary Shares of Tuesday, April 30, 2024
| Fair opening price April 30, 2024 | Current price |
|---|---|
| $12.76 ( 0%) | $12.76 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FFBW
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.76 | . | |
| R2 | 12.76 | . | ||
| R1 | 12.76 | . | ||
| Current price: | 12.76 | |||
| Support | S1 | 12.76 | . | |
| S2 | 12.76 | . | ||
| S3 | 12.76 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.90 | 1.10 % | |
| R2 | 12.85 | 0.705 % | ||
| R1 | 12.80 | 0.313 % | ||
| Current price | 12.76 | |||
| Support | S1 | 12.70 | -0.470% | |
| S2 | 12.35 | -3.21% | ||
| S3 | 12.21 | -4.31% |
FAQ
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